Market Overview:
The global oil filter wrench market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global oil filter wrench market is segmented on the basis of type, application, and region. On the basis of type, it is divided into chain type, strap type, cup type, and others (including claw-type wrenches). The chain-type oil filter wrench dominates this market owing to its easy usage and wide availability across regions. However, with technological advancements being made in this field on a regular basis; strap-type wrenches are gaining popularity among consumers owing to their low cost as well as easy portability from one place to another.
Product Definition:
An oil filter wrench is a tool used to remove an oil filter from an engine. The importance of using an oil filter wrench is that it can provide a good grip on the oil filter and prevent it from being damaged or stripped during removal.
Chain Type:
The global chain type, it's usage and growth factor in oil filter wrench market size was valued at USD 1.5 billion in 2016. It is expected to witness a CAGR of XX% over the forecast period on account of its increasing application scope in various end-use industries including automotive, construction and manufacturing industries among others.
Strap Type:
Strap type is a tool that is used to tighten the oil filter on engines. It consists of an elongated handle and a metal or plastic strap with teeth at one end, which are used for tightening the filter. The other end of the strap has either a screw or spike for prying into the engine block to get better leverage during torque application.
The growing demand for vehicles in North America.
Application Insights:
Passenger cars application led the global oil filter wrench market and accounted for more than 54.0% share of the overall revenue in 2017. The passenger car segment is expected to witness significant growth over the forecast period owing to increasing disposable income, especially in emerging economies such as India, China and Brazil. In addition, growing demand for high-performance vehicles by major manufacturers such as Ford Motor Company and General Motors is expected to drive industry growth over the coming years.
Commercial vehicles are also anticipated to witness significant growth on account of rising demand from construction industries across various regions including North America and Europe Pacific where regulations support increased use of filters in diesel engines.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major automobile manufacturers such as Toyota, Honda, Suzuki and Nissan has resulted in high product demand across Asia Pacific. In addition, growing automotive production coupled with increasing passenger car sales is anticipated to drive the growth of this region.
North America was estimated at USD X billion in 2017 owing to high product demand from U.S., which accounts for more than 20% of global vehicle manufacturing capacity and 17% of total vehicles sold globally as per OICA statistics 2016/2017 (excluding light commercial vehicles). Moreover, rising focus on fuel economy along with stringent CAFE regulations are likely to further boost oil filter wrench demand over the coming years.
Growth Factors:
- Increasing demand for automobiles
- Growing population and rising income levels in developing countries
- Technological advancements in the automotive industry
- Stringent government regulations for vehicle emissions control
- Rising environmental awareness among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Filter Wrench Market Research Report
By Type
Chain Type, Strap Type, Cup Type
By Application
Passenger Cars, Commerical Vehicles
By Companies
BACHO, CTA Manufacturing, ROTAR GROUP, Motivx Tools, MANN-FILTER, Thomas Worldwide, Jet Tools Industries, Today International, Rajhans International, Indian Tools & Equipments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Oil Filter Wrench Market Report Segments:
The global Oil Filter Wrench market is segmented on the basis of:
Types
Chain Type, Strap Type, Cup Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commerical Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BACHO
- CTA Manufacturing
- ROTAR GROUP
- Motivx Tools
- MANN-FILTER
- Thomas Worldwide
- Jet Tools Industries
- Today International
- Rajhans International
- Indian Tools & Equipments
Highlights of The Oil Filter Wrench Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chain Type
- Strap Type
- Cup Type
- By Application:
- Passenger Cars
- Commerical Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil Filter Wrench Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An oil filter wrench is a tool used to loosen and remove the oil filter from an engine.
Some of the key players operating in the oil filter wrench market are BACHO, CTA Manufacturing, ROTAR GROUP, Motivx Tools, MANN-FILTER, Thomas Worldwide, Jet Tools Industries, Today International, Rajhans International, Indian Tools & Equipments.
The oil filter wrench market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil Filter Wrench Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil Filter Wrench Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil Filter Wrench Market - Supply Chain
4.5. Global Oil Filter Wrench Market Forecast
4.5.1. Oil Filter Wrench Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil Filter Wrench Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil Filter Wrench Market Absolute $ Opportunity
5. Global Oil Filter Wrench Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil Filter Wrench Market Size and Volume Forecast by Type
5.3.1. Chain Type
5.3.2. Strap Type
5.3.3. Cup Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil Filter Wrench Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil Filter Wrench Market Size and Volume Forecast by Application
6.3.1. Passenger Cars
6.3.2. Commerical Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil Filter Wrench Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil Filter Wrench Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil Filter Wrench Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil Filter Wrench Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil Filter Wrench Demand Share Forecast, 2019-2026
9. North America Oil Filter Wrench Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil Filter Wrench Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil Filter Wrench Market Size and Volume Forecast by Application
9.4.1. Passenger Cars
9.4.2. Commerical Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil Filter Wrench Market Size and Volume Forecast by Type
9.7.1. Chain Type
9.7.2. Strap Type
9.7.3. Cup Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil Filter Wrench Demand Share Forecast, 2019-2026
10. Latin America Oil Filter Wrench Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil Filter Wrench Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil Filter Wrench Market Size and Volume Forecast by Application
10.4.1. Passenger Cars
10.4.2. Commerical Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil Filter Wrench Market Size and Volume Forecast by Type
10.7.1. Chain Type
10.7.2. Strap Type
10.7.3. Cup Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil Filter Wrench Demand Share Forecast, 2019-2026
11. Europe Oil Filter Wrench Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil Filter Wrench Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil Filter Wrench Market Size and Volume Forecast by Application
11.4.1. Passenger Cars
11.4.2. Commerical Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil Filter Wrench Market Size and Volume Forecast by Type
11.7.1. Chain Type
11.7.2. Strap Type
11.7.3. Cup Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyss
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil Filter Wrench Demand Share, 2019-2026
12. Asia Pacific Oil Filter Wrench Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil Filter Wrench Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil Filter Wrench Market Size and Volume Forecast by Application
12.4.1. Passenger Cars
12.4.2. Commerical Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil Filter Wrench Market Size and Volume Forecast by Type
12.7.1. Chain Type
12.7.2. Strap Type
12.7.3. Cup Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil Filter Wrench Demand Share, 2019-2026
13. Middle East & Africa Oil Filter Wrench Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil Filter Wrench Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil Filter Wrench Market Size and Volume Forecast by Application
13.4.1. Passenger Cars
13.4.2. Commerical Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil Filter Wrench Market Size and Volume Forecast by Type
13.7.1. Chain Type
13.7.2. Strap Type
13.7.3. Cup Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil Filter Wrench Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil Filter Wrench Market: Market Share Analysis
14.2. Oil Filter Wrench Distributors and Customers
14.3. Oil Filter Wrench Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BACHO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CTA Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ROTAR GROUP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Motivx Tools
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MANN-FILTER
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thomas Worldwide
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jet Tools Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Today International
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rajhans International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Indian Tools & Equipments
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
